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Latest Satellite News Discussion, Refocusing pays off for Netgem at General Satellite News forum; Published: September 1, 2010 07.32 Europe/London Netgems refocusing of its core technology business has paid off for the French set-top ...

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Thumbs up Refocusing pays off for Netgem - 01-September-2010, 13:20

Published: September 1, 2010 07.32 Europe/London

Netgems refocusing of its core technology business has paid off for the French set-top developer to the tune of 25.9 million. Operating profits increased by 34% in the first half of 2010 while revenue increased by 6% to 74.3 million. The company is attributing the rise to efforts to bring down hardware costs. There were also additional non-recurring revenues linked to the transfer of license rights to SFR.

Consolidated net profits of 19.7 million included a 5.4 million non-recurring non-cash gain due to the deconsolidation of the VideoFutur entertainment venture.

Netgem is looking for further client wins in Europe and Asia Pacific. The company has been promoting its over-the-top television concept that brings a managed portal over an existing broadband infrastructure. Already deployed by Monaco Telecom and Australias Telstra its most recent win is Slovenia Telecom.


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